Search

Nalezeno "denny kalyalya": 2

Zambia’s Dedollarization Plan Aims to Strengthen Kwacha Stability

7.9.2024
Zambia’s latest move to restrict foreign currency use in domestic transactions is aimed at stabilizing its currency, the kwacha, according to central bank Governor Denny Kalyalya. The Bank of Zambia announced this initiative in June and is still consulting market participants, with no...

Hyperinflation and Currency Collapse Fears After Zambian President Fires Central Bank Governor

26.8.2020
Zambian President Edgar Lungu fired the country’s central bank governor Denny Kalyalya last week sparking fears that government wants to end the institution’s independence. Kaylalya was immediately replaced by Christopher Mvunga who reportedly has close ties to the President. The abrupt...